Procurement Specialist (225-911)

A Procurement Specialist plays a crucial role in an organization's supply chain by managing the acquisition of goods and services required for operations. This position involves sourcing suppliers, negotiating contracts, and ensuring the timely delivery of materials. A successful Procurement Specialist is adept at evaluating vendors to ensure cost-effectiveness, reliability, and quality, balancing budgetary restraints with the need for efficiency. The role demands strong analytical skills and the ability to assess various supply situations, mitigating risks associated with supply chain fluctuations. Moreover, this specialist must possess excellent negotiation and relationship-building skills to maintain strategic partnerships with suppliers.

Responsibilities

• Identify and evaluate potential suppliers related to specific product categories.
• Negotiate terms and pricing agreements to achieve cost-effective procurement solutions.
• Develop and implement procurement strategies that fit with the organization’s goals.
• Maintain effective supplier relationships to ensure high service levels and reliability.
• Analyze market trends to stay informed about changes in supply and demand dynamics.
• Ensure compliance with organizational procurement policies and standards.
• Manage the end-to-end sourcing and purchasing activities for assigned portfolios.
• Conduct regular audits to ensure supplier performance aligns with contract terms.
• Collaborate with different departments to align procurement efforts with business needs.
• Monitor inventory levels to prevent stock-outs and excessive surpluses.
• Prepare reports and documentation to support procurement decisions and strategies.
• Revise procurement processes to optimize cost savings and operational efficiency.

Requirements

• Bachelor’s degree in Supply Chain Management, Business Administration, or related field.
• Proven experience in a procurement role within a similar industry or organization.
• Strong negotiation skills with a track record of successful contract management.
• Excellent analytical abilities to assess market trends and supplier performance.
• Proficient in using procurement software and related digital tools.
• Exceptional communication and interpersonal skills to manage supplier relationships effectively.
• Ability to manage multiple projects and priorities while meeting deadlines.